Stock Movers

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Booking Holdings (BKNG) shares fell on Tuesday after the online travel agent said the Middle East conflict impacted its first quarter results to varying degrees. Its 2Q and full-year forecasts miss estimates. Peer Expedia, which reports May 7, is down 5.0%.
- Starbucks (SBUX) stocks jumped after the coffee chain reported better-than-expected quarterly results and said it now sees comparable sales rising at least 5% this year, up from its previous view of 3% or more.
- Centene (CNC) shares rose after first-quarter profit exceeded Wall Street expectations and the company raised its outlook for the year in the latest sign of recovery for a US health insurance sector coming off a terrible year. Adjusted earnings of $3.37 a share surpassed all analyst estimates in a Bloomberg survey. A key gauge of medical costs came in more favorable than Wall Street views. The company boosted its earnings outlook for the year by 40 cents a share, it said in a statement Tuesday.
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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers, we get a roundup of earnings after the bell:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- T-Mobile (TMUS) beat Wall Street expectations for the number of new customer accounts it added in the first quarter, as a new chief executive officer looks to put his stamp on the company.The Bellevue, Washington-based carrier added 217,000 new monthly accounts, a 6% year-over-year increase, compared with analysts’ estimates for 192,860. The company is no longer reporting changes in wireless customer additions, an initiative under CEO Srini Gopalan, who took over the top spot in November.

- Starbucks (SBUX) wants to win diners over with cushier seats, more appetizing pastry displays and speedier service. It’s working. The company now sees comparable sales rising at least 5% in the current fiscal year, up from its previous view of 3% or more, according to a statement on Tuesday. It also increased its outlook for earnings per share. In the company’s fiscal second quarter that ended in late March, comparable sales rose 6.2%, exceeding analysts’ expectations for a 3.7% increase. Customers in the US placed more orders, helping power the results and offsetting slower growth in China. The shares rose as much as 7.5% in extended trading as of 4:11 p.m. New York time. The stock has gained about 16% so far this year, surpassing the 4% advance of the S&P 500 Index.

- Visa (V) earnings topped estimates as consumers used the company’s branded cards for transactions across the world. Adjusted earnings per share were $3.31 for the fiscal second quarter, according to a statement Tuesday. That surpassed the average estimate from analysts of $3.10. Revenue rose 17% from a year earlier, the biggest increase since 2022, the company said.
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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Centene (CNC) shares jumped after first-quarter profit exceeded Wall Street expectations and the company raised its outlook for the year in the latest sign of recovery for a US health insurance sector coming off a terrible year. Adjusted earnings of $3.37 a share surpassed all analyst estimates in a Bloomberg survey. A key gauge of medical costs came in more favorable than Wall Street views. The company boosted its earnings outlook for the year by 40 cents a share, it said in a statement Tuesday.

- Spotify (SPOT) stocks plummeted the most in more than four years after the music streaming leader gave a forecast for operating income in the second quarter that missed analysts’ estimates. The Swedish company expects operating income of €630 million ($737 million) in the current quarter, it said in a statement Tuesday. That compares with analysts’ forecasts of €674.3 million.

-Coca-Cola (KO) shares rose after the company's focus on smaller sizes is paying off with cash-strapped consumers as the world’s largest beverage maker boosted sales last quarter more than expected. Atlanta-based Coca-Cola reported organic revenue growth of 10%, topping the average of analyst estimates, and notching the company’s best organic growth in five quarters. Adjusted earnings per share also outpaced expectations.
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On this episode of Stock Movers:
- UPS (UPS) shares fall. United Parcel Service Inc. left its financial guidance unchanged despite topping Wall Street's first-quarter sales and profit expectations. The company still expects revenue of $89.7 billion this year and an adjusted operating margin of about 9.6%, and has saved about $600 million as a result of network changes.
- Hilton Worldwide (HLT) shares drop. The hotel operator’s improved adjusted earnings per share guidance for the full year failed to meet Wall Street’s expectations. The company’s second-quarter outlook was hurt by the war in the Middle East. The shares closed at a record high on April 20.
- Vertiv (VRT) shares drop after the power equipment company’s report was marred by what Vital Knowledge called “areas of disappointment,” which investors in the momentum name tend to fixate on. Organic growth fell short of expectations, as did a second-quarter profit view.
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On this episode of Stock Movers:
- Oracle (ticker ORCL) shares drop. Shares in OpenAI partners such as SoftBank Group Corp. and Oracle Corp. tumbled after the Wall Street Journal reported that OpenAI recently failed to meet targets for sales and new users.
- UPS (ticker UPS) shares fall. United Parcel Service Inc. left its financial guidance unchanged despite topping Wall Street's first-quarter sales and profit expectations. The company still expects revenue of $89.7 billion this year and an adjusted operating margin of about 9.6%, and has saved about $600 million as a result of network changes.
- Centene (ticker CNC) shares climb. The health insurer boosted its adjusted earnings per share forecast for the full year. The firm also posted adjusted profit and revenue for the first quarter that beat Wall Street’s expectations.
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